Whether you are selling or buying a property in NYC, there is one process you need to understand, and it’s how to choose a real estate agent in NYC? A good agent/New York City broker can be your ally and help you get the best deal for your money (if you are buying) or your asset (if you are selling). In contrast, an inadequate real estate agent will simply be a financial drain.
How To Choose A Real Estate Agent in NYC?
A few things factors to consider when you are choosing a real estate agent in NYC are:
- Their Process: Ask as many questions about their process as you need to ensure you are working with the right professional. This may involve their process of researching comps or how they handle negotiations..
- Track record: An agent with a sizable number of successful sales under their belt within a reasonable time frame is a good place to start. You should also look into the current number of listings they are handling. Too many listings can be a dangerous sign unless they have a team that is big enough since it might mean they wouldn’t have enough time to handle your property.
- Experience in your neighborhood: An agent with experience in the neighborhood you are buying or selling in can be a great resource. They will know about the right prices and can give you insights into the neighborhood to make an informed decision.
- Experience with your types of properties: If you are buying or selling in a co-op, it’s better to work with an agent who has experience with them, ideally with the building you are buying or selling in. They would know the best way to navigate the board. It’s the same with any other type of property you buy or sell (specific experience helps).
- Marketing and Research approach: Ask how they would market your home to maximize visibility if you are selling. If you are buying, ask them about their research process.
Choosing the right New York City broker might be time-consuming, but it’s time well-spent since it can make the next buying or selling process more seamless.
